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# Middle East News

According to a report by The National, published on December 21, 2018, the UAE’s Securities and Commodities Authority (SCA) is set to introduce ICO regulations in the country by the end of the first half of 2019. ICO regulations will ensure that businesses can raise capital in an efficient, secure,...
X8 AG, a Swiss financial technology firm has successfully obtained Islamic scholars certification for its fiat and gold-backed cryptocurrency from Shariyah Review Bureau (SRB), an Islamic advisory firm licensed by the central bank of Bahrain, Reuters reports, November 12, 2018. Plans to Expand into the Middle East Seeing the burgeoning...
According to Abdulaziz Al Jouf, CEO of Saudi based digital payments platform PayTabs, cryptocurrencies will succeed as an asset class regardless of the worldwide concerns around their unregulated and volatile nature. Can’t Control, Will Ban Speaking to the Arabian Business, Al Jouf said that he does not see digital currencies...
October 22, 2016 by at Business, Finance, News
Emirates NBD and ICICI Bank will be the first banks to pilot a network for international remittances and trade finance built on blockchain technology in the Middle East region, following an announcement on October 18 that they will be launching the pilot through working in partnership with Infosys. By collaborating...
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